Current Affairs Today – April, 29th, 2018 | Latest News and Updates

INDIAN AFFAIRS

The Madras High Court on Friday has been ranked as the first court in south India and eighth in the country, which has launched the e-court fee payment facility. Chief Minister Edappadi K. Palaniswami and Chief Justice Indira Banerjee both has together launched the facility at the principal seat of the High Court here as well as its Madurai Bench.

In his address, the Chief Minister said: “On this happy occasion, I inform that this government stands in support of judiciary for speedy disposal of cases by introducing new technology and improving infrastructural facilities.”

Stating that e-stamps were tamper proof and could not be reused at all, he said: “On an average there is an increase of 8 to 10% in court fee remittance every year in the Madras High Court alone. The statistics for the year 2015 shows that ₹19.75 crore worth of court fee had been remitted in the High Court and the 2016 figures are yet to be made ready.”

India Highest Recipient of Remittances in 2017: World Bank

India has did the top in the highest recipient of remittances globally in the year 2017, with its diaspora sending back $69 billion, a World Bank statement said here on Monday.

“Remittance inflows improved in all regions and the top remittance recipients were India with $69 billion, followed by China ($64 billion), the Philippines ($33 billion), Mexico ($31 billion), Nigeria ($22 billion), and Egypt ($20 billion),” the statement said.

“The overall recovery in remittances is better than we expected. It is driven by stronger growth in the European Union, the Russian Federation, and the United States. The rebound in remittances, when valued in US dollars, was helped by higher oil prices and a strengthening of the euro and ruble,” said Dilip Ratha, lead economist at the World Bank in his blog. “The global average cost of sending $200 was 7.1 percent in the first quarter of 2018. The cost ranges from the most expensive average cost of 9.4 percent in Sub-Saharan Africa, to the lowest average cost of 5.2 percent in South Asia. The average cost is higher than the Sustainable Development Goal target of 3 percent in all regions,” he said.

“While remittances are growing, countries, institutions, and development agencies must continue to chip away at high costs of remitting so that families receive more of the money. Eliminating exclusivity contracts to improve market competition and introducing more efficient technology are high-priority issues,” Ratha added.

INTERNATIONAL AFFAIRS

PM Narendra Modi Held Talks With German Chancellor, Returns India

Prime Minister Narendra Modi on that has did the meeting with the German Chancellor Angela Merkel and did the talk in term of the further strengthen strategic partnership between the two countries.

The two leaders discussed ways to further strengthen India-Germany cooperation, he said, adding that Modi’s visit “demonstrates India’s mutual desire to strengthen the strategic partnership”.

Prince Charles to Succeed His Mother Queen Elizabeth II as Head of Commonwealth

Prince Charles has replaced his mother Queen Elizabeth-II as the Head of the Commonwealth after the heads of government on Friday has given the agree for him, a day after the 91-year-old monarch said it was her “sincere wish” that her son would succeed her in the role “one day”.

“India has no objection to Prince Charles as the next Head because he has worked hard for the institution. However, we are also clear that there should be no institutionalization of the post,” a senior Indian official said.

“India is a key and growing player in the Commonwealth, one of its largest economies with almost half its population. So its voice matters,” the BBC reported.

“For my part, the Commonwealth has been a fundamental feature of my life for as long as I can remember, beginning with my first visit to Malta when I was just five,” Prince Charles said in his welcome speech at Buckingham Palace.

“I pray that this CHOGM will not only revitalise the bonds between our countries, but will give the Commonwealth a renewed relevance to all citizens, finding practical solutions to their problems and giving life to their aspirations. By doing so, the Commonwealth can be a cornerstone for the lives of future generations, just as it has been for so many of us,” he said.

BANKING AND FINANCE

BoI Inks Pact with NeSL to Share Data under Insolvency Rules

State-run Bank of India (BoI) on that day has said it has signed the agreement with National E-Governance Services (NeSL) for information utility (IU) arrangement under the Insolvency and Bankruptcy Code (IBC).

According to the agreement, BoI will avail NeSL service to expedite corporate insolvency resolution process.

In the sectin of the IBC 2016, IU is proposed to offer services for accepting electronic submission of financial information, recording the same safely and accurately, verifying upscbuddy and authenticating the financial information submitted by a person and providing access to information stored to persons specified by the regulations.

In the month of September in last year that is 2017, the Insolvency and Bankruptcy Board of India (IBBI) registered NeSL as the first IU.

SPORTS

Rafael Nadal Win 11th Monte Carlo Masters Title

Rafael Nadal has got his one of the best clay short that is of streak to 42 consecutive sets when he battled to a 6-0, 7-5 triumph over Martin Klizan in the Barcelona quarter-finals on Friday he was just of the some of the point behind that is on the 400 on the surface.

“I went to the bathroom and maybe after that I lost some timing,” Nadal said. “It was a great first set but I played a very bad game at the start of the second. It was tough – I feel a little lucky to win in straight sets.”

“All these statistics, I don’t pay much attention. If it happens, then that would be very good. But I only think of winning the match,” Nadal said.

“Now I am in another semi-final. That’s great news but I will face a tough opponent. I need to be aggressive and play with the right intensity.”

AWARDS AND RECOGNITION

Vitabiotics receives Queen’s Award for innovation

Vitabiotics, UK’s number leading Vitamin Company, has given the honour of The Queen’s Award for Enterprise in Innovation for its Perfectil beauty Vitamin range.

Commenting on the new Queen’s Award, Vitabiotics President Dr Kartar Lalvani OBE said, “Vitabiotics is immensely honoured to once again receive the Queen’s Award for Innovation, in recognition of our unique and highly successful Perfectil research and innovation. This accolade is a testament to Vitabiotics and I would like to thank all of our dedicated staff, customers, suppliers and research partners for their continued support.”

Vitabiotics’ CEO Tej Lalvani said, “Over the last 45 years, Vitabiotics has consistently been at the cutting edge of nutritional thinking, translating emerging science into effective products, and has established a greater range of new original clinical research, as background support to its formulations, than any other vitamin company. We are all incredibly proud to have once again received this most prestigious award.

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